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☆ 'We've never seen this many extremes': Strategists warn of dot-com bubble similarities as expensive US stocks struggle — but this 7-part strategy can still outperform
▼ + stars: | 2024-04-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."

Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise

☆ As the world ages, cancer cases are projected to rise, hitting some countries like ‘a tidal wave’
▼ + stars: | 2024-04-04 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +7 min

Now, a report from the American Cancer Society projects that by 2050, the number of people with cancer could rise 77%. Overall, the top 10 cancer types in both men and women accounted for more than 60% of newly diagnosed cancer cases and cancer deaths, according to the report. Lung cancer was also the leading cause of cancer deaths, followed by colorectal, liver, breast in women, stomach, pancreatic, esophagus, prostate, cervical and leukemia. “While we do see lung cancers that are not related to smoking, the number one cause of lung cancer is smoking. “Interestingly, pollution and other airborne environmental exposures probably increase the risk of lung cancer in many parts of the world.

Persons: ”, William Dahut, ” Dahut, “ We’re, Lung, Ahmedin Jemal, Dr, Bilal Siddiqui, there’s, Harold Burstein, ” Burstein, “, Sanjay Gupta, Burstein Organizations: CNN, American Cancer Society, Cancer, Global Cancer, Health, University of Texas, Anderson Cancer Center, Dana, Farber Cancer Institute, Harvard Medical School, CNN Health Locations: Saharan Africa, South America, Asia, China

☆ Top marketers from Popeyes, Kawasaki, and more dish on how they'll maximize the value of their first-ever Super Bowl ads
▼ + stars: | 2024-01-23 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Read previewPepsiCo's lemon-lime soda Starry is only one year old, but millions of US consumers will soon see its first-ever Super Bowl ad, as it battles to steal share from stalwarts like 7-Up and Sprite. AdvertisementPopeye's will use its Super Bowl spot to introduce five new chicken wing flavors. First-time advertisers are also looking beyond TVTo justify the high price of a Super Bowl ad, however, marketers invest heavily to keep the conversation going across other channels. And Popeye's, which hopes to drive people to one of its restaurants with a Super Bowl-themed promo, also hopes to extend the campaign beyond the Super Bowl. Highdive is working on BetMGM's first Super Bowl ad this year.

Persons: —, Nielsen, Sami Siddiqui, Michael Smith, Bob O'Brien, O'Brien, Popeye's Siddiqui, Mark Gross, Highdive Organizations: Service, Business, Super, Kawasaki, Popeye's, Kawasaki Motors Corp, Bowl, National Collegiate Athletic

☆ Reproductive startup launches test to identify an embryo's genetic defects before an IVF pregnancy begins
▼ + stars: | 2023-12-05 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Reproductive technology startup Orchid on Tuesday announced a comprehensive new genetic test that may help many prospective parents across the U.S. breathe a little easier. Orchid said its new test will help couples identify whether their embryos present genetic risks such as birth defects, neurodevelopmental disorders, chromosomal abnormalities, or pediatric and adult-onset cancers that were previously only detectable after birth. IVF is a taxing process that can cost an average of more than $12,000 in the U.S., according to the Institute for Reproductive Health. Success is not guaranteed, and some people go through multiple rounds of IVF before a pregnancy develops. Orchid's genetic test will cost couples an additional $2,500 per embryo sequenced, but it does not add any new steps or risks to the IVF process, Siddiqui said.

Persons: Noor Siddiqui, Siddiqui, Couples Organizations: CNBC, Institute for Reproductive Health, Austin Locations: Dublin, Ireland, U.S, Los Angeles, Chicago, Miami

☆ Orchid tests embryos for genetic diseases. It just raised $12 million with this 11-slide pitch deck.
▼ + stars: | 2023-12-05 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

Orchid, a startup that tests embryos for genetic diseases, has just raised $12 million. "The way that IVF and embryo screening works today is the amount of information available is really limited," Orchid CEO and cofounder Noor Siddiqui said. Genetic testing has been around for years, but it has been usually limited in the diseases it can identify, which include cystic fibrosis, Bloomberg reported. Orchid produces reports with two types of genetic testing: monogenic and polygenic. The cost of the test depends on the number of embryos that Orchid tests.

Persons: Noor Siddiqui, Siddiqui, Orchid, Dylan, Anne Wojcicki, Fidji Simo, Peter Kraft Organizations: Business, Bloomberg, Prometheus Fund, Starbloom Capital, One Ventures, Los Angeles Times Locations: San Francisco, Pebblebed

Hindu nationalists at a recent rally in New Delhi held a banner depicting Gurpatwant Singh Pannun, the alleged target of an assassination plot. Photo: arun sankar/Agence France-Presse/Getty ImagesAn Indian government employee tried to have a vocal Sikh critic of New Delhi assassinated in New York earlier this year, U.S. prosecutors alleged, a dramatic development that threatens to cause new rifts in the deepening relationship between Washington and New Delhi. The allegation, laid out in an indictment unsealed Wednesday, follows on suspicions Canada aired about a similar plot linked to Indian government agents in which masked gunmen murdered a Sikh activist in the parking lot of his British Columbia temple. Canada in part relied on U.S. intelligence to make that assessment, which was met with official outrage in India.

Persons: Gurpatwant Singh Pannun, arun sankar Organizations: Agence France, An, Canada Locations: New Delhi, Delhi, New York, Washington and New Delhi, British Columbia, Canada, India

☆ Biden to Skip U.N. Climate Summit, Drawing Grumbles From Environmentalists
▼ + stars: | 2023-11-27 | by ( Sabrina Siddiqui | Scott Patterson | ) www.wsj.com time to read: 1 min

The COP28 summit, which is expected to draw leaders from nearly 200 countries, is set to begin Thursday. Photo: Kamran Jebreili/Associated PressWASHINGTON—President Biden won’t attend a United Nations climate summit in Dubai this week, White House officials said, skipping an annual gathering of world leaders focused on addressing global warming. While the officials didn’t say why Biden is expected to miss the summit, known as COP28, other top administration officials, including John Kerry , Biden’s special envoy for climate change, will participate in the forum.

Persons: Kamran Jebreili, Biden won’t, Biden, John Kerry, Biden’s Organizations: Associated Press WASHINGTON, White Locations: Nations, Dubai

☆ At Least Nine People Killed in Pakistan Shopping Mall Fire
▼ + stars: | 2023-11-25 | by ( Nov. | At A.M. | ) www.usnews.com time to read: 1 min

ISLAMABAD (Reuters) - A fire tore through a shopping mall in the southern Pakistani city of Karachi, killing at least nine people, officials and local media said on Saturday. Local broadcaster Geo News said the blaze started early in the morning at the multi-storey RJ shopping mall in Pakistan's most populous city, and that the fire brigade had rescued around 50 people but more remained inside the building. Karachi Mayor Murtaza Wahab Siddiqui confirmed in a post on social media platform X that at least nine bodies had been transferred to local hospitals after the fire. Geo reported several people injured in the fire were also being treated in hospital. (Reporting by Charlotte Greenfield in Islamabad; Editing by Jacqueline Wong)

Persons: Murtaza Wahab Siddiqui, Geo, Charlotte Greenfield, Jacqueline Wong Organizations: Local, Geo News Locations: ISLAMABAD, Pakistani, Karachi, Pakistan's, Islamabad

☆ At least nine people killed in Pakistan shopping mall fire
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: 1 min

ISLAMABAD, Nov 25 (Reuters) - A fire tore through a shopping mall in the southern Pakistani city of Karachi, killing at least nine people, officials and local media said on Saturday. Local broadcaster Geo News said the blaze started early in the morning at the multi-storey RJ shopping mall in Pakistan's most populous city, and that the fire brigade had rescued around 50 people but more remained inside the building. Karachi Mayor Murtaza Wahab Siddiqui confirmed in a post on social media platform X that at least nine bodies had been transferred to local hospitals after the fire. Geo reported several people injured in the fire were also being treated in hospital. Reporting by Charlotte Greenfield in Islamabad; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Murtaza Wahab Siddiqui, Geo, Charlotte Greenfield, Jacqueline Wong Organizations: Local, Geo News, Thomson Locations: ISLAMABAD, Pakistani, Karachi, Pakistan's, Islamabad

☆ U.S. Thwarted Plot to Kill Sikh Activist
▼ + stars: | 2023-11-22 | by ( Sabrina Siddiqui | Aruna Viswanatha | ) www.wsj.com time to read: 1 min

Attorney and Sikh activist Gurpatwant Singh Pannun, seen in 2014, was said to be the target of the plot. Photo: jewel samad/Agence France-Presse/Getty ImagesWASHINGTON—U.S. authorities have stopped a plot targeting a Sikh activist and confronted the Indian government about the potential involvement of its agents, according to people familiar with the matter. The breakup of the plot, targeting Gurpatwant Singh Pannun , who is a lawyer for a group called Sikhs for Justice, comes two months after Canadian authorities publicly accused India of playing a role in the killing of another Sikh separatist leader, Hardeep Singh Nijjar, in British Columbia earlier this year.

Persons: Gurpatwant Singh Pannun, samad, Hardeep Singh Nijjar Organizations: Agence France, Getty, WASHINGTON —, Justice Locations: WASHINGTON — U.S, India, British Columbia

☆ Popeyes adds chicken wings to its menu permanently, including popular Ghost Pepper flavor
▼ + stars: | 2023-11-22 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

Popeyes is expanding its menu beyond chicken sandwiches — and it's a permanent change this time. The fast-food chain announced Wednesday it's adding five chicken wing flavors to its menu nationwide, with three debuting at Popeyes for the first time, beginning Wednesday. The flavors include Honey BBQ, Roasted Garlic Parmesan, Signature Hot, Ghost Pepper and Sweet 'N Spicy. "We know our guests want even more bold Louisiana-inspired wing flavors to choose from and are excited to see our new wings line-up take flight." Siddiqui added that the Ghost Pepper wings were an "overnight success" when tested at locations earlier this year, and the Sweet 'N Spicy wings have been the chain's best-performing product since its chicken sandwich.

Persons: Pepper, Sami Siddiqui, Siddiqui, Popeyes, Chick Organizations: Popeyes, KFC, CNBC PRO Locations: Popeyes North America, Louisiana, U.S

☆ Chicken wings are on Popeyes menu for good
▼ + stars: | 2023-11-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

Back in 2019, Popeyes’ chicken sandwich created a frenzy in the fast food industry, prompting a wave of copycats and became a barometer for success. Wings are here to stayOver the past few years, Popeyes has brought wings to the menu on a limited-time basis. Popeyes' line of chicken wings Courtesy PopeyesWith wings, Siddiqui said, Popeyes once again saw long lines and a sales lift. Siddiqui doesn’t expect enthusiasm over Popeyes wings to reach the same kind of fervor inspired by the chicken sandwich. A good time to sell cheap chickenOther chains have seen success with chicken wings in recent months, as people cut back on spending by buying cheaper food.

Persons: New York CNN — Popeyes, Pepper, it’s, Popeyes, Sami Siddiqui, ”, Siddiqui, Michael Skipworth, It’s Organizations: New, New York CNN, Wings, Popeyes, CNN, “ Locations: New York, Popeyes North America, United

☆ IRS postpones rule change on digital payment reporting for small businesses and side hustles
▼ + stars: | 2023-11-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

The change might have resulted in 44 million more 1099-K forms being sent in January to such filers, including small business owners, freelancers, those with side hustles and gig workers. Regardless of delay or rule change, your tax obligations remain the sameNeither the delay of the rule change nor the eventual implementation of it will change your tax burden in any way. That’s because you have always been obligated as a taxpayer to report the money you make from your business activities to the IRS. The difference once the rule change goes into effect is that the IRS will be learning about your business income from a third party payment platform. And the change will effectively pull back the curtain on just how much business income is being generated on third-party payment platforms.

Persons: “, ”, Danny Werfel, –, Sherrod Brown of, Bill Cassidy, Biden, Arshi Siddiqui, Akin Gump, they’re Organizations: New, New York CNN, IRS, American, The Coalition, Electronic Transactions, Airbnb, PayPal, Democratic, Ks Locations: New York, Poshmark, Sherrod Brown of Ohio, Louisiana

☆ COP28: What you need to know about the 2023 climate summit in Dubai
▼ + stars: | 2023-11-20 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +8 min

CNN —Tens of thousands of people are heading to Dubai in early December for COP28, the annual international climate summit convened by the United Nations. While the science behind human-caused climate change was still young, scientists knew even then it would be life-changing. The controversy at COP28The climate summit is hosted at a different location each year. “It tells us clearly that the world is not on track to achieve our global climate goals,” Melanie Robinson, the global climate program director for the World Resources Institute, told CNN. A major debate among the parties has been whether to “phase out” or “phase down” fossil fuels.

Persons: John Kerry, Ian Langsdon, —, United Arab Emirates —, Critics, Al Jaber, Britain's King Charles III, COP28, Sultan Ahmed al Jaber, Aaron Chown, John Kerry —, Al Jaber’s, King Charles III, Pope Francis, Joe Biden, China’s, Jinping, Biden, Xi, Larry Fink, It’s, ” Melanie Robinson, ” Robinson, “, Maya Siddiqui, Nate Warszawski, ”, CNN’s Ivana Kottasová Organizations: CNN, COP28, United Nations, Getty, UN, “ Conference, United, United Arab Emirates, Minister of State, Abu Dhabi National Oil Company, Buckingham Palace, US, Publishing, decarbonize, Wall, BlackRock, World Resources Institute, Bloomberg, World Bank Locations: Dubai, Le Bourget, Paris, AFP, Berlin, COP21, United Arab, UAE, Abu Dhabi, Buckingham, France, Germany, Japan, Hami city, Xinjiang province, China, Saudi Arabia, Syria, Russia, Iran, Israel, Egypt, COP27

☆ FBI warns on Scattered Spider hackers, urges victims to come forward
▼ + stars: | 2023-11-16 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 16 (Reuters) - The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The statement, issued jointly with the U.S. Cybersecurity and Infrastructure Security Agency, sheds new light into how these hackers operate. The FBI and CISA urged critical infrastructure organisations to implement a series of security measures they recommended and urged victim organisations to share information about the hacks with the agencies. Everything from a sample ransom note, communications with the hackers, their cryptocurrency wallet information, or samples of malicious files could be useful, they said. "FBI and CISA do not encourage paying ransom as payment does not guarantee victim files will be recovered," they said, adding that ransom payments may embolden the hackers into going after more targets.

Persons: Bridget Bennett, they've, Slack, CISA, Zeba Siddiqui, Nick Zieminski Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, FBI, MGM Resorts International, Caesars Entertainment, U.S, Cybersecurity, Infrastructure Security Agency, Microsoft, Microsoft Exchange, Thomson Locations: Las Vegas , Nevada, U.S, San Francisco

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

Caesars paid around $15 million in ransom to regain access to its systems from the hackers, according to reporting by the Wall Street Journal. Some have been collecting evidence leading to the hackers' identities and are assisting law enforcement, according to the five insiders. The sources say that, following the September casino hacks, the FBI's investigation took on new urgency. Mandia didn't respond directly when asked whether Scattered Spider's identities were known to law enforcement. But he did say that there was no excuse for not arresting hackers who operated from the West.

Persons: Bridget Bennett, Michael Sentonas, Sentonas, Alphabet's, James Foster, Foster, cybercriminals, gona, Kevin Mandia, Mandiant, you've, Zeba Siddiqui, Raphael Satter, Christopher Bing, Chris Sanders, Claudia Parsons Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, U.S . Federal Bureau of Investigation, FBI, MGM Resorts International, Caesars Entertainment, Industry, Reuters, Department of Justice, Caesars, Wall Street, Palo Alto Networks, Microsoft, ex, Telegram, Thomson Locations: Las Vegas , Nevada, U.S, WASHINGTON, America, Palo, American, Baltimore , Maryland, United States, Newark , New Jersey, sextortion, San Francisco, Washington

Lockbit was discovered in 2020 when its eponymous malicious software was found on Russian-language cybercrime forums, leading some security analysts to believe the gang is based in Russia. The gang has not professed support for any government, however, nor has any government formally attributed it to a nation-state. "We are located in the Netherlands, completely apolitical and only interested in money," the gang says on its dark web blog. The cybercrime gang infects a victim organisation's system with ransomware - malicious software that encrypts data - and then coerces targets into paying ransom to decrypt or unlock it. On the dark web, Lockbit's blog displays an ever-growing gallery of victim organisations that is updated nearly daily.

Persons: Lockbit, cybercriminals, Zeba Siddiqui, James Pearson, Rod Nickel Organizations: FRANCISCO, LONDON, Commercial Bank of China, Boeing, ION, Thomson Locations: Russia, Netherlands, United States, ICBC's U.S, San Francisco, London

☆ How India’s Hindu nationalist BJP seeks Muslim vote in 2024 election
▼ + stars: | 2023-11-10 | by ( Yp Rajesh | ) www.reuters.com time to read: +9 min

Specifics of the BJP's Muslim outreach strategy, such as the messaging it is using to target voters in these seats, have not been previously reported. The campaign is part of a larger push to woo India's 200 million Muslims, with whom the BJP and Modi have a long and fraught history. ECONOMY-FIRST AND MUSLIM VOTERSThe BJP's website states that secularism in India has become "minority appeasement ... at the cost of majority". They shared details of internal party strategy on condition of anonymity. BJP leaders such as Islam, a former India head of Deutsche bank, said the opposition has taken Muslim votes for granted and neglected their welfare.

Persons: Narendra Modi, Modi, Nafis Ansari, Ansari, Jamal Siddiqui, Modi Mitrs, Syed Zafar Islam, Siddiqui, doesn't, Hilal Ahmed, Yasser Jilani, Ujir Hossain, Mohammed, Hossain, Hossain Dada, Qasim, Amana Begam Ansari, Critics, Ahmed, Ghanshyam Tiwari, Tiwari, Rupam Jain, Katerina Ang Organizations: Bharatiya Janata Party, BJP, Rivals, Analysts, Indian, Reuters, Centre, Congress, Deutsche, Samajwadi Party, Thomson Locations: Balasinore, Indian, Ahmedabad, Madhya Pradesh, India, Delhi, West Bengal, BJP

☆ How Modi's BJP seeks Muslim vote in India's 2024 election
▼ + stars: | 2023-11-10 | by ( Yp Rajesh | ) www.reuters.com time to read: +9 min

☆ Lockbit cybercrime gang claims hack on China's biggest lender ICBC
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: 1 min

Companies Industrial and Commercial Bank of China Ltd FollowNov 10 - The cybercrime gang Lockbit confirmed on Friday that it had hacked into the Industrial and Commercial Bank of China - the biggest Chinese lender by assets. "Yes we confirm," a representative for Lockbit said when reached on their contact address via the messaging platform Tox. Reporting by Zeba Siddiqui in San Francisco; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Lockbit, Zeba Siddiqui, Chizu Organizations: Industrial, Commercial Bank of China, Thomson Locations: San Francisco

China's foreign ministry said on Friday the lender is striving to minimise risk impact and losses after the attack. "We don't often see a bank this large get hit with this disruptive of a ransomware attack," said Allan Liska, a ransomware expert at the cybersecurity firm Recorded Future. TRADES CLEAREDICBC said it had successfully cleared Treasury trades executed on Wednesday and repurchase agreements (repo) financing trades done on Thursday. Some market participants said trades going through ICBC were not settled due to the attack and affected market liquidity. The Treasury market appeared to be functioning normally on Thursday, according to LSEG data.

Persons: Kim Kyung, ICBC, Wang Wenbin, Wang, Lockbit, Allan Liska, Scott Skrym, Michael Gladchun, Loomis Sayles, SIFMA, Urvi, Pete Schroder, Gertrude Chavez, Davide Barbuscia, Carolina Mandl, Paritosh Bansal, Joe Cash, Stephen Coates, Tomasz Janowski Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, Commercial Bank of China's, U.S . Treasury, ICBC Financial Services, Cybersecurity, Infrastructure Security Agency, Boeing, U.S . Treasury Department, Treasury, Securities, Financial Times, U.S . Securities Industry, Financial Markets Association, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington, Carolina

Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its branch in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsCompanies Industrial and Commercial Bank of China Ltd FollowNov 9 (Reuters) - A ransomware attack on Industrial and Commercial Bank of China (ICBC) disrupted some trades in the U.S. Treasury market on Thursday, the Treasury Department said. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. The Financial Times reported earlier on Thursday that the U.S. Securities Industry and Financial Markets Association (SIFMA) told members that ICBC (601398.SS) had been hit by ransomware that disrupted the U.S. Treasury market by preventing it from settling trades on behalf of other market players. We continue to monitor the situation," a Treasury spokesperson said in a response to a question about the FT report.

Persons: Kim Kyung, Urvi, Pete Schroder, Zeba Siddiqui, Alexander Smith, Michelle Price, Lisa Shumaker Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, U.S . Treasury, Treasury Department, Financial Times, U.S . Securities Industry, Financial Markets Association, Treasury, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington

A padlock is seen in front of the word 'spyware' and binary code in this illustration taken May 4, 2022. Analysis of the journalist's phone showed an infiltration attempt on Aug. 23, OCCRP's co-founder Drew Sullivan told Reuters. Sullivan said an internal forensic investigation tied the intrusion effort against Mangnale's phone to Israeli firm NSO's Pegasus hacking tool. The spyware allows hackers sweeping access to the targets' smartphones, allowing them to record calls, intercept messages and transform the phones into portable listening devices. The Indian government has denied such allegations and last week Information Technology Minister Ashwini Vaishnaw said that the government was investigating the complaints of phone hacking.

Persons: Dado Ruvic, OCCRP's, Drew Sullivan, Anand Mangnale, Sullivan, wasn't, Rocky Cole, Ashwini Vaishnaw, New Delhi didn't, Zeba Siddiqui, Raphael Satter, Munsif, Rod Nickel Organizations: REUTERS, FRANCISCO, NSO Group, Reuters, Apple, Pegasus, NSO, Technology, Indian Embassy, Thomson Locations: WASHINGTON, Indian, India, Delhi, Washington, New Delhi, BENGALURU

☆ Elon Musk's X restructuring curtails disinformation research, spurs legal fears
▼ + stars: | 2023-11-06 | by ( Sheila Dang | ) www.reuters.com time to read: +9 min

It also shows a majority of survey respondents fear being sued by X over their findings or use of data. European Union regulators are also currently investigating X's handling of disinformation, which was the focus of multiple stalled or canceled independent research studies, the survey found. She helped conduct the research survey for the coalition, a global group with more than 300 members, that works to advance the study of technology's impact on society. 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. Short-form video app TikTok announced an academic research API earlier this year, but its onerous terms and conditions limit its usefulness for researchers, said Megan A.

Persons: Elon, Musk's, Josephine Lukito, Musk, Carlos Barria, Lukito, Tim Weninger, Megan A, Brown, X, CCDH, Imran Ahmed, Bond Benton, Linda Yaccarino, Sheila Dang, Zeba Siddiqui, Martin Coulter, Supantha Mukherjee, Kenneth Li, Anna Driver Organizations: Social, Reuters, Twitter, Coalition for Independent Technology Research, Center, Union, University of Texas, San, EU, Reuters Graphics, REUTERS, University of Notre Dame, New York University, Tech Policy Press, Facebook, Montclair State University, Sprinklr, Thomson Locations: Israel, Gaza, quantifies, U.S, Australian, Austin, San Francisco, San Francisco , California, China, Sprinklr, London, Stockholm

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